This innovative collaboration leverages the uniqueness of both institutions to create a new and distinct service for the greater New York community. The strength and presence of Mount Sinai's services, adult and pediatrics, blended with CHOP's pediatrics expertise and cutting-edge therapies will bring exceptional care to patients and their families.

The Mount Sinai Health System is composed of seven hospital campuses, one of the fastest growing ambulatory networks in the region and a renowned medical school, the Icahn School of Medicine at Mount Sinai. The Children's Hospital of Philadelphia is ranked among the nation's best children's hospitals by U.S News & World Report, and is a leading pediatric service provider in the country.

"Mount Sinai is pleased to collaborate with CHOP, a world-renowned institution, to ensure excellent patient care," said Kenneth L. Davis, MD, President and Chief Executive Officer of the Mount Sinai Health System. "Our goal is to offer the highest quality care to pediatric patients – especially those with complex needs – across a large health system and a fast growing ambulatory care network. And together, we will be uniquely positioned to recruit and retain the best faculty in the region."

"Over the recent past, CHOP has systematically sought strategic alliances with leading hospital systems, mainly in the Southeastern Pennsylvania and Southern New Jersey markets. The alliance with the Mount Sinai Health System emerged from a shared vision and commitment to making the very best care available to more children," said Madeline Bell, President and Chief Executive Officer of The Children's Hospital of Philadelphia. "Our decision to join with MSHS in the New York region reflects both the respect and admiration we have for Mount Sinai, and recognition of the needs of the region for world-class pediatric medical care."

"Working together, Mount Sinai and CHOP will drive innovation in medicine at the national level, going beyond even providing the best care to creating the next generation of treatments for pediatric diseases," said Dennis S. Charney, MD, Anne and Joel Ehrenkranz Dean of the Icahn School of Medicine at Mount Sinai and President for Academic Affairs for the Mount Sinai Health System. "One goal of this effort is to generate unique medical insights by caring for the largest pediatric population of any health system in the region."

The initial phase of this collaboration will begin this fall with the development of a collaborative pediatric oncology program that provides access to the newest treatments and expertise from MSHS and CHOP experts in pediatric cancer. Development of programs in cardiac care and fetal medicine will follow. Services will be available at select Mount Sinai locations.

About The Children's Hospital of Philadelphia

The Children's Hospital of Philadelphia was founded in 1855 as the nation's first pediatric hospital. Through its long-standing commitment to providing exceptional patient care, training new generations of pediatric healthcare professionals and pioneering major research initiatives, Children's Hospital has fostered many discoveries that have benefited children worldwide. Its pediatric research program is among the largest in the country. In addition, its unique family-centered care and public service programs have brought the 535-bed hospital recognition as a leading advocate for children and adolescents. For more information, visit www.chop.edu.

About the Mount Sinai Health System

The Mount Sinai Health System is an integrated health system committed to providing distinguished care, conducting transformative research, and advancing biomedical education. Structured around seven hospital campuses and a single medical school, the Health System has an extensive ambulatory network and a range of inpatient and outpatient services—from community-based facilities to tertiary and quaternary care.

The System includes approximately 6,100 primary and specialty care physicians; 12 joint-venture ambulatory surgery centers; more than 140 ambulatory practices throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and 31 affiliated community health centers. Physicians are affiliated with the renowned Icahn School of Medicine at Mount Sinai, which is ranked among the highest in the nation in National Institutes of Health funding per investigator. The Mount Sinai Hospital is ranked as one of the nation's top 10 hospitals in Geriatrics, Cardiology/Heart Surgery, and Gastroenterology, and is in the top 25 in five other specialties in the 2014-2015 "Best Hospitals" issue of U.S. News & World Report. Mount Sinai's Kravis Children's Hospital also is ranked in seven out of ten pediatric specialties by U.S. News & World Report. The New York Eye and Ear Infirmary of Mount Sinai is ranked 11th nationally for Ophthalmology, while Mount Sinai Beth Israel is ranked regionally.